Millions of Nationwide Building Society members are set to see the interest earned on their savings dip next month, following a major announcement from the financial giant. The world's largest building society confirmed it will adjust rates across a swathe of its savings products, with the changes taking effect from 10 February 2026.
Why Nationwide is Making the Change
The move is a direct response to the Bank of England's decision to cut the base rate by 0.25% in December 2025. Nationwide stated that it is lowering interest rates in reaction to this monetary policy shift. However, in a small silver lining for savers, the society has indicated that most of its rate reductions will be smaller than the 0.25% Bank Rate change.
Nationwide is not alone in this action; it joins several other major UK banking institutions in passing on a portion of the central bank's rate cut to its customers. The adjustments will see rates on specific accounts fall by between 0.10% and 0.25%.
Which Accounts Are Affected?
The rate reductions will impact a significant number of Nationwide's popular savings products. The society has provided a comprehensive list detailing the previous rate, the new rate, and the difference for each affected account.
Some of the key accounts facing reductions include:
- Help to Buy ISA: Dropping from 2.5% to 2.25% (minus 0.25%)
- Child Trust Fund / Smart Junior ISA: Falling from 3.05% to 2.8% (minus 0.25%)
- Branch Future Saver / Future Saver: Decreasing from 3.05% to 2.8% (minus 0.25%)
- One Year Triple Access Online Saver / ISA: Reducing from 3.5% to 3.3% (minus 0.2%)
- Reward Saver / Reward ISA: Cutting from 3% to 2.75% (minus 0.25%)
For variable-tiered accounts like the Flex Saver, the reduction varies by balance. For example, balances over £50,000 will see the rate fall from 1.45% to 1.25%.
Good News for Some and Accounts Unchanged
Amid the widespread cuts, Nationwide has announced a positive move for customers looking to lock their money away for longer. The society will increase the rate on its five-year Fixed Rate Bond and ISA to 4%.
Furthermore, several accounts will see no change to their interest rates at all. These shielded products are:
- FlexOne Saver
- Flex Regular Saver
- Smart Instant Access & SmartSaver
- Smart Limited Access
- Start to Save products
The confirmation from Nationwide, delivered earlier this week, means affected savers have a few weeks to consider their options before the new rates are applied. Customers are advised to review their statements and the society's official communications to understand precisely how their specific accounts will be impacted from the February deadline.
